A lot of odd stuff going onThis low volume, $3.50 thing is dfinitely weird. I am sure it will make more sense at some point but it is very odd trading behavior. One theory is that Cantor is holding it there as they expect the ATM to put into action soon and are acquiring shares carefully at this level as part of a market support initiative and to wharehouse them for future selling onto clients once the phase 1a results are out.
And Leah's name still being on the website is odd too. It is not that hard to fix - so why have they not updated it?
I suspect there is more going on here than we know. Maybe we will get some hints on Thursday when Paul speaks at Credit Suisse's conference.